Silver prices increase sharply, stores temporarily stop selling

Phương Anh |

On October 13, silver bar and barley prices skyrocketed. Many stores continue to temporarily suspend sales, causing many people to not be able to buy and have to return.

Recorded by Lao Dong reporter on October 13, domestic silver prices maintained a strong increase. Many people continue to go to silver shops in Hanoi to buy. However, most of the stores have announced that they have temporarily stopped selling.

At a silver shop on Cau Giay Street (Hanoi), Mr. Do Van Thanh (Yen Hoa Ward, Hanoi) said that he wanted to buy silver to save money but could not buy it.

"I came here the day before but the store did not sell. Now I continue to come, but still can't buy. If anyone wants to sell, the store will still do business normally" - Mr. Thanh said.

Similarly, Ms. Dao Linh Anh (Dong Anh commune, Hanoi) also wanted to buy silver but had to return because the shop temporarily stopped selling.

"The store only accepts transactions with customers who want to sell silver or return goods to people who have a purchase invoice or pre-appointment. They did not announce when they would be sold, so I went home" - Ms. Linh Anh said.

Ngay 13.10, nhieu nguoi co nhu cau mua bac nhung khong duoc vi cua hang tam dung ban ra. Anh: Phuong Anh
On October 13, many people wanted to buy silver but could not because the store temporarily stopped selling. Photo: Phuong Anh

According to information from Ancarat Metals Company, the enterprise has announced a temporary suspension of receiving new orders for silver bars and barley products from October 10, until further notice.

The unit added that this is to ensure production quality and delivery progress are in accordance with the company's current orders.

Meanwhile, Phu Quy Jewelry Group also temporarily stops accepting new orders for silver bar and barley products from October 10, until further notice. This unit said it is focusing all its production resources to ensure on-time delivery for placed orders.

Nhieu nguoi
Recently, many people have come to silver as an alternative when it is too difficult to buy gold. Photo: Thuy Van

Updated silver price

As of 5:26 p.m. on October 13, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Metallurgy Company was listed at 1.977 - 2.015 million VND/tael (buy - sell); increased by 31,000 VND/tael in both directions compared to early this morning.

The price of 999 Ancarat 999 (1kg) at Ancarat Metallurgy Company was listed at 51.704 - 53.154 million VND/kg (buy - sell); an increase of 828,000 VND/kg in both directions compared to early this morning.

The price of 999 gold bars of Saigon Thuong Tin Bank Gold and Gemstone Company Limited (Sacombank-SBJ) was listed at VND1.992 - VND2.037 million/tael (buy - sell); an increase of VND24,000/tael in both directions compared to this morning.

At the same time, the price of 999 999 coins (1 tael) at Phu Quy Jewelry Group was listed at 1,966 - 2.027 million VND/tael (buy - sell); an increase of 27,000 VND/tael for buying and an increase of 23,000 VND/tael for selling compared to early this morning.

The price of 999 (1kg) gold bars at Phu Quy Jewelry Group was listed at 52.426 - 54.053 million VND/kg (buy - sell); an increase of 587,000 VND/kg for buying and an increase of 614,000 VND/kg for selling compared to early this morning.

On the world market, as of 5:26 p.m. on October 13 (Vietnam time), the world silver price was listed at 51.38 USD/ounce.

Dien bien gia bac the gioi nhung phien gan day. Bieu do: Phuong Anh
World silver price developments in recent sessions. Chart: Phuong Anh

See more news related to silver prices HERE...

Phương Anh
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